Former Dewey & LeBoeuf LLP controller Thomas Mullikin has reached a partial settlement with the U.S. Securities and Exchange Commission that would resolve his liability in the agency's suit over the firm's collapse while leaving open the issue of a potential disgorgement order or fine, according to Tuesday court filings.
The Federal Circuit partly affirmed a verdict that Apple Inc. infringed VirnetX Inc.'s network security patents, but vacated the jury's $368 million damages award, ruling Tuesday that VirnetX's damages expert relied on flawed theories that "tainted" the verdict.
Edging out a Mohegan Sun-backed rival, Wynn Resorts Ltd. on Tuesday won the rights to a Massachusetts gambling license, which paves the way for it to build a $1.6 billion casino resort near Boston despite foreseen hiccups with an environmental review.
Bowing to public pressure, the U.S. Environmental Protection Agency on Tuesday extended the comment period for its proposal to cut carbon emissions from existing power plants for 45 days, although the agency said the extension won't affect the final June deadline.
The city of Detroit has secured the concessions it needed from retirees and certain bondholders to seal a settlement that will end Syncora Holdings Ltd.’s objections to its Chapter 9 restructuring plan, a source with knowledge of the situation said Tuesday.
An information technology employee at Wilson Sonsini Goodrich & Rosati was arrested early Tuesday and charged with trading on inside information about client mergers and acquisitions.